San Francisco, CA - May 1, 2012 - GREE, a leader in the mobile social gaming industry,today announced that it has entered into an agreement to acquire Funzio, Inc., a trailblazer in developing mid-core mobile game titles. The acquisition will strengthen GREE's ability to bring high-quality games to the mobile social games market. Funzio's titles will also join the roster of cutting-edge content planned for GREE's global platform.

“The team at Funzio is creating some of the best mobile games in the world today. This acquisition will allow us to join their talent and expertise with our vision for a mobile social gaming ecosystem.” said Naoki Aoyagi, Chief Executive Officer of GREE International. “We are extremely excited to expand our mid-core portfolio and continue to show how the mobile games market is the inevitable next step for gamers worldwide.”

Funzio - creator of successful titles “Crime City,” “Modern War,” and “Kingdom Age” - boasts over 20 million game downloads and possesses a strong, passionate fan base. The company's officers and founders, a team of talented industry veterans, will join GREE to grow GREE's San Francisco development studio. Ken Chiu (CEO) and Anil Dharni (COO) will join GREE International as Senior Vice Presidents while Ram Gudavalli (CTO) and Andy Keidel (VP, Engineering) will join as Vice Presidents.

“GREE shares our vision of a mobile world where people can play together wherever and whenever they are,” said Ken Chiu, CEO and Founder of Funzio. “We feel strongly that our experience in creating unique games for the mid-core market and GREE's expertise in bringing the mobile games to the worldwide community is a perfect match.”

GREE strives to build the world's best and largest mobile social games ecosystem. GREE's acquisition of Funzio will move GREE toward its goal of attaining one billion worldwide users while introducing new genre expertise and exceptional titles to the anticipated GREE social mobile gaming platform, scheduled for release in Q2 2012. The new GREE platform will feature high-quality content, bring gamers a robust social gaming experience, and offer developers access to a growing, engaged global audience.

For more information about GREE, visit www.gree-corp.com.

About GREE, Inc.
GREE is a global mobile social gaming company at the forefront of mobile technology. GREE is focused on building the world's leading gaming ecosystem for users and developers, while creating and supporting unique free-to-play game content. GREE is continuing to expand globally and has offices in Tokyo, San Francisco, London, Singapore, Seoul, Beijing, Amsterdam, Dubai, Sao Paolo, and Vancouver.

GREE and the GREE logo are trademarks or registered trademarks of GREE, Inc., in Japan and/or other countries. All other trademarks are the property of their respective owners.